BusinessCompany NewsTire giant wheels in new CFO

Tire giant wheels in new CFO

Darren R. Wells named new CFO at Goodyear

Tire giant Goodyear has named Darren R. Wells as its new CFO.

Wells, 42, replaces W. Mark Schmitz, who is leaving to pursue other
interests, the company
said in a statement.

Schmitz, 57, has been CFO for 14 months.

Wells is a car industry veteran, having spent ten years at Ford, and most
recently was one of the key leaders and architects of Goodyear’s financial
restructuring.

‘The innovative plans to restructure our balance sheet executed under
Darren’s leadership served as the foundation of the company’s rebirth as a
stronger, more respected competitor in the tire industry,’ chief executive
Robert J. Keegan said.

‘As chief financial officer, Darren will use his outstanding business and
financial skills and strong leadership capabilities to generate shareholder
value.’

A native of Indianapolis, Wells earned his bachelor of arts degree from
DePauw University in Greencastle, Indiana, and his MBA in finance from Indiana
University.

He held positions of increasing importance in 10 years at Ford Motor Company,
including assignments in Australia for Ford Credit and Ford Investment
Enterprises.

Schmitz was previously with Tyco International’s Fire and Security segment as
vice president and chief financial officer for four years prior to joining
Goodyear.

‘We appreciate Mark’s contributions during a challenging period in our
industry and in the global economy, and wish him well in the next phase of his
career,’ Keegan said.

Further Reading:

Read the company’s
statement

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